Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "WWYD: keep DC rowhouse in Shaw as investment?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I would just because the cash flow is so positive on it to start. I know people who've kept their first house in DC to rent when the rent was just barely covering the mortgage at the beginning, and they look like geniuses 5 years down the line. You can always sell it later if you find it's too big a hassle.[/quote] This is the OP. I am not sure what this means "the cash flow is so positive on it to start". I am new at the investing and finance game but trying to learn. Thanks! [/quote] If you can get $4k/month in rent, you're clearing almost $2k/month in cash flow. You won't actually make $24k/year, because you have to budget in repairs, vacancies, etc., but you're starting from a very good place. [/quote] Does your mortgage payment include insurance and taxes? If not, you're not making such great money on it...[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
